The Role of Small and Medium Scale Enterprises in the Development of Economic Activities in Malaysia
Journal Title: Roshd-e-Fanavari - Year 2014, Vol 10, Issue 38
Abstract
"in The world's most developed countries, policies to support small and medium enterprises in order to increase growth, income generating employment and reducing poverty in the forefront of economic or social - are governments’ important priorities. Essential characteristics of small and medium enterprises, including flexibility in face with market changes, rapid attainment of the activities, initiatives and high motivation of staffs and limited initial capital requirements, have caused growth, innovation and economic dynamism in transition economies of the firms. This study aimed to identify small and medium sized manufacturing firms with rapid growth, and determine their contribution to the Malaysian economy. Malaysia's Vision 2020 has planned development policies through enterprise and small business enhancement. These companies play a significant role in the economic breakthrough of Malaysia. These companies have allocated 93.8% of the operating companies in the industrial sector, 27.3% of total manufacturing production, 25.8% of value-added in production, 27.6% of the fixed assets and 38.9% of the employees of the country. Evidences suggest that these companies have major contribution in national economic development in Malaysia. "
Authors and Affiliations
Saeed KiyanPour, Roya Tolaei
Keywords
Related Articles
- EP ID EP175645
- DOI -
- Views 47
- Downloads 0
Impact of Science and Technology Parks Quality of the Service on Growth and Innovative Performance of Firms located in Parks; Case study: Pardis Technology Park
"According to the global approach of knowledge base economy in most countries, the creation of organizations such as science and technology parks seems to be necessary considering to their influence on the development of...
Transfer of Technology by Clean Development Mechanism
"Although the Clean Development Mechanism (CDM) does not have an explicit technology transfer mandate, it may contribute to technology transfer by financing emission reduction projects using technologies currently not av...
Effective Factors in Organizational Agility
"in the current century, agility is one of the critical and functional concepts for organizations in which act in an active and dynamic environment and face threats to which lack of quick response makes organizations far...
Study the Influences of organizational innovation and managerial innovation in companies' success (Case Study: knowledge based companies in Guilan Science and Technology Park)
"nowadays, innovation is considered the most important factor for economic growth. Innovation occurs, when an idea develops as a product, process or service. Innovation is also a management system in which, focuses on th...
How to Allocate University Spin-off Companies Equity Among their Owners
"iranian academic sector is approaching research commercialization, although, creation of university spin-offs is an initial experience in this sector. Legislation of “knowledge based firms support and commercialization...